And other related tasks: Perform other costing, accounting, and finance- related tasks as assigned by management.
Participate in cost optimization: Participate in cost optimization initiatives, process improvement projects, and cost reduction programs to enhance operational efficiency and profitability.
Inventory management is related to cost: Manage and reconcile inventory data related to costing, including raw materials, work- in- process (WIP), finished goods, scrap, and rework inventory.
Control production costs: Monitor and control manufacturing costs; identify cost deviations and work with related departments to propose corrective and improvement actions.
Estimate: Prepare and review production cost budgets, forecasts, and cost projections; monitor actual costs against budget and analyze variances.
Allocation of General Manufacturing Overhead Costs (GOCs): Manage and execute the allocation of manufacturing overhead costs using appropriate allocation bases in accordance with accounting standards and company policies.
Gather, calculate, and analyze product costs: Collect, calculate, and analyze product costs, including material, labor, and manufacturing overhead, ensuring accuracy and compliance with company costing policies.
Calculate the cost of goods sold: Calculate and verify inventory issue costs for production and sales, ensuring accurate valuation and consistency with approved costing methods.
Product pricing: Perform product cost estimation and support product pricing decisions for existing, new, and customized products to achieve margin and profitability targets.
Prepare cost reports: Prepare periodic costing reports, cost variance analyses, and management reports to support financial closing and decision- making.
Establishing and managing standards (BOM, material standards, labor standards): Establish, maintain, and control standard costing data, including Bills of Materials (BOM), material consumption standards, and labor standards in coordination with production and engineering teams.
